Bursaries South Africa

South Africa Universities and Colleges Bursaries 2020

Education is a very important part of our lives. In today’s world, one definitely needs a certain level of education be it formal or informal. Unfortunately, education costs a lot of money especially in South Africa. How do you pursue your dreams when you are broke? Should you give up your dreams because you can’t finance it personally or with your family’s financial support? That would be painful. What if you could get financial support for free or in the form of a loan? Happy New Year 2019 wallpapers

Ever head of bursaries or educational loans for South African students who require financial support?

Bursaries are sponsorship given by companies to qualifying students to study further and achieve a great qualification for better work opportunities and a decent future.

WHAT IS A BURSARY?

A bursary is basically a study program that is financially aided for by someone else or a company. This means that funds are made available by a company for a student who wants to study further and who qualifies can do so but moreover need the financial assistance to do this. The company then pays the fees of such a learner to complete their studies and gain a higher qualification.

Some bursary programs do however require the candidate to ‘work back’ the bursary amount after successful completion of their studies, but not all bursaries have this requirement. Most undergraduate bursary programs mainly aim to add to a student’s funding but some also supply complete funding’s to deserving candidates.

Bursaries and scholarshipsare not the same and this should be understood. A scholarship only covers the study fees and is based solely on merit whereas a bursary mostly include study fees as well as book fees, living allowances, pocket money and in some cases a guarantee of work after successful completion of studies. Bursaries are also mostly awarded on merit and the need for financial aid thus they are sponsored by companies.

If there is a working arraignment tied to a bursary and after completion of studies a student decides that they want to work for a different company this can be done by paying back the fees of the bursary in most cases. A student should however discuss this with the company involved.

Most Universities in south Africa Offer Some Form of Financial Support to needy students. We have gathered financial support information from all the universities in South Africa below.

WHO QUALIFIES TO APPLY FOR A BURSARY?

In most cases bursaries are made available for students who are in need of financial aid and shows that they are dedicated to study further. It is recommended that a student only applies for a bursary that they will qualify for. Bursaries are made available to all students in need thus if one wishes to apply they should ensure that all the requirements are met and all information is forwarded in time.

Parents can also ask from their companies for bursaries for their own children if the company makes bursaries available yearly but it might not be a field that the student is qualified for.

Each bursary has different terms and conditions and candidates ought to carefully weigh the pros and cons before deciding to apply or accept. It is recommended to do a thorough search before applying and compare different bursaries and what they offer so that one applies to a suitable bursary.

A candidate must ensure that all criteria is met for the requirements as not to waste their and the companies time.